TT world body staff takes voluntary pay cut to deal with financial implications of postponed events

Image
Press Trust of India Lausanne
Last Updated : Apr 02 2020 | 3:32 PM IST

The entire staff of the International Table Tennis Federation (ITTF), including its president, has opted for a voluntary pay cut to deal with severe financial challenges arising out of the COVID-19 pandemic.

Sporting events around the world have either been cancelled or postponed in the wake of the outbreak. Earlier this week, the ITTF extended the suspension of all its activities until June 30.

"The knock-on financial implications of an extended period of not hosting events has led to all ITTF staff and president to decide taking voluntary salary reductions in 2020, with the ITTF Executive Committee reducing its expenses, to help support the sport during these challenging times," said the ITTF in a statement.

"During a video conference on Wednesday 1 April 2020 in which all ITTF staff were in attendance, ITTF CEO Steve Dainton underlined the need for all ITTF staff to stick together and make the sacrifice in order to help table tennis emerge stronger once the pandemic finally clears."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 02 2020 | 3:32 PM IST

Next Story